I keep seeing this figure thrown around - something along the lines of the average gm factory worker makes close to $80.00 an hour after benefits - as if this is something that must be undone if we are to save the auto industry. But how much does gm's ceo make? According to Forbes, 8.5 million per year. And all he's done is run the company into the ground. It is the plant worker that actually builds the cars, risks physical injury, and has nothing to do with the poor corporate decisions. He earns his money. I'm tired of hearing that he earns too much.
Funny thing is, AIG, Citi, and Wamu, and how many other banks have tanks - but there's no union there . . . . Only greedy executives.
http://www.forbes.com/static/pvp2005/LIRSOX2.html
http://www.balloon-juice.com/?p=14185
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